Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 15/01/20

National bank of Ukraine’s official rates as of 15/01/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 15

Official rates of banking metals from national bank as of January 15

One troy ounce=31.10 grams

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SKYUP AIRLINES LAUNCHES FLIGHTS FROM KIEV, LVIV, ODESA, KHARKIV TO ITALY

SkyUp Airlines has announced the launch of some flights to Italy from Kyiv, Lviv, Odesa and Kharkiv. The airline said on its Facebook page on Tuesday, in particular, the Kyiv-Rome-Kyiv flight will be operated from March 29 to October 24, 2020 three times a week – on Tuesdays, Thursdays and Sundays. The cost of one ticket without baggage from Kyiv to Rome starts from UAH 1,500, and back from UAH 2,200.
In addition, from March 29 to October 24, a flight will be operated on the route Kyiv-Milan (Bergamo). It will be performed three times a week – on Mondays, Wednesdays and Saturdays. The cost of a ticket from Kyiv to Milan starts from UAH 1,500, and back from UAH 1,600.
The flight Kyiv-Bologna-Kyiv will also be operated from March 29 to October 24, 2020. In particular, it will be serviced on Tuesdays, Thursdays and Sundays. The cost of a ticket from Kyiv to Bologna starts from UAH 1,500, and back from UAH 1,800.
Flight Kyiv-Lamezia Terme-Kyiv will be operated from May 30 to September 30, 2020 twice a week – on Wednesdays and Saturdays. The cost of a ticket from Kyiv to Lamezia Terme starts from UAH 2,100, and back from UAH 2,300.
The Lviv-Rome-Lviv flight will be operated from March 29 to October 24, 2020 three times a week – on Tuesdays, Thursdays and Sundays. The ticket price from Lviv to Rome starts from UAH 1,400, and back from UAH 1,900.
The Lviv-Naples-Lviv flight will also be operated from March 29 to October 24, 2020, but twice a week – on Tuesdays and Fridays. The ticket price from Lviv to Naples starts from UAH 1,100, and back from UAH 1,400.
In the same period, it is planned to launch the flight Lviv-Milan (Bergamo)-Lviv. It will be performed on Mondays and Fridays. The ticket price from Lviv to Milan starts from UAH 1,400, and back from UAH 1,500.
Flight Odesa-Lamezia Terme-Odesa will be operated from June 3 to September 30, 2020 only on Wednesdays. The ticket price from Odesa to Lamezia Terme starts from UAH 2,100, and back from UAH 2,200.
Flight Kharkiv-Lamezia Terme-Kharkiv will be operated from June 1 to September 28, 2020 on Mondays. The cost of a ticket from Kharkiv to Lamezia Terme starts from UAH 2,400, and back from UAH 2,600.

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STATE-RUN UKRPOSHTA TO INCREASE PROFIT BY 12% IN 2020

Ukrposhta intends in 2020 to increase its net income by 13.2% compared with the planned figures for 2019, to UAH 9.682 billion.
According to the text of the enterprise’s financial plan for 2020, posted on the website of the Ministry of Infrastructure of Ukraine, it is planned to increase profit by 12%, to UAH 1.7 billion respectively.
According to an explanatory note to the document, revenues from written correspondence are planned in the amount of UAH 2.429 billion (an increase of 8.1%), revenues from the parcel segment in the amount of UAH 1.201 billion (an increase of 21.5%), revenues from the distribution of periodicals some UAH 525.900 million (4.5%), income from pension payments some UAH 2.155 billion (an increase of 10.4%), from trade in the amount of UAH 590 million (an increase of 25.5%) compared to the financial plan for 2019.
Ukrposhta plans to attract credit resources from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank in the amount of UAH 1.722 billion in 2020 for the implementation of the Rural Branch and Logistics Network projects, but interest is not planned for them in 2020 under the terms of the loan agreement.
Expenses for wages to employees are planned in the amount of UAH 5.511 billion (a growth of 17.7%). The average monthly wage is UAH 6,887 (an increase of 18.9%).
It is planned to transfer funds in the amount of UAH 2.954 billion to budgets and state trust funds, which is UAH 374.7 million more than expected for 2019.

34,000 NEW MOTORCYCLES AND MOPEDS ARE SOLD IN UKRAINE IN 2019

Almost 34,000 new motorcycles and mopeds were sold in Ukraine in 2019, which is 1.5 times more than in 2018, AUTO-Consulting reports.
“The Ukrainian motorcycle market experienced a real “boom” in sales in 2019 and will surely go down in history as one of the most successful,” experts say.
For the second year in a row, the Musstang brand has been the market leader, which in 2019 increased sales by 62%, to 7,032 units, and occupied 20.6% of the motorcycle market compared to 19% in 2018.
Spark motorcycles, which were preferred by 14% of buyers in 2019, ranked second.
“A real struggle unfolded for the third position in 2019. As a result, Lifan became the bronze medalist, whose sales grew by 76% over the year,” the group said in a statement.
At the same time, according to AUTO-Consulting statistics, Lifan in 2018 ranked fifth in the rating with a share of 8.66%, and in 2019 its share rose to 10.21%.
Analysts also note a rapid increase in sales among such as brands Forte (the 4th place versus 8th a year earlier), Bajaj (the 7th place), and Loncin (the 8th versus the 10th).
The sales of famous brands also intensified in 2019: Honda became the leader among Japanese manufacturers. BMW Motorrad and Yamaha dealers also noticeably raised sales.

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UKRAINE LOSSES FROM ILLEGAL DEFORESTATION OVER UAH 1 BLN

The state suffered losses in the amount of more than UAH 1 billion due to illegal deforestation in Ukraine, Head of the State Forest Resources Agency Andriy Zablotsky has said.
“State losses [from illegal logging] amount to more than UAH 1 billion. A significant part of the market is in the shadow, and electronic accounting aims to remove this powerful market from the shadow,” he said during a meeting with the prime minister and representatives of the territorial bodies of the State Forest Agency in Kyiv.
According to Zablotsky, it is planned to introduce criminal liability for the sale of trees without tags.
In addition, in accordance with the goals of the government, it is planned to increase the forest cover of Ukraine by 20%.
The agency is developing a bill on forest inventory for its further use on the basis of new rules.
Zablotsky also noted that the agency plans to raise the question before the government and the Verkhovna Rada about raising state funding, which today makes up 5% of the demand and is critical in certain issues.
As reported, Prime Minister of Ukraine Oleksiy Honcharuk instructed the head of the State Forest Agency as soon as possible to ensure the operation of online sites in the wood turnover market and to launch the electronic centralized accounting of wood by February 1, 2020.

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